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Markets took a hit as stocks tumbled and oil prices climbed, with the ongoing conflict in the Middle East shaking global investor confidence.

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Global markets have finally opened after a weekend that will go down in history, as a US-Israeli coalition kicked off a conflict that seemingly looks to run as long as necessary to overthrow the Iranian government.

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The Euro has been very choppy during the month of February as traders are trying to figure out where the two central banks are heading at the moment.

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The S&P 500 fell 0.44% as escalating US-Iran tensions and surging oil prices sparked a late-week selloff.

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Indian share markets are trading lower, with the Sensex trading 790 points lower, and the Nifty is trading 224 points lower.